Yarbrough Capital LLC Takes $350,000 Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Yarbrough Capital LLC bought a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,799 shares of the company's stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of CCC Intelligent Solutions by 4,172.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,837,354 shares of the company's stock worth $115,394,000 after acquiring an additional 9,607,085 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in CCC Intelligent Solutions in the fourth quarter worth $58,080,000. Norges Bank bought a new stake in CCC Intelligent Solutions in the fourth quarter worth $50,032,000. T. Rowe Price Investment Management Inc. boosted its position in CCC Intelligent Solutions by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 68,866,717 shares of the company's stock valued at $807,807,000 after buying an additional 4,060,284 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of CCC Intelligent Solutions by 753.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,873,418 shares of the company's stock valued at $45,435,000 after buying an additional 3,419,507 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Trading Up 0.4%

CCCS stock traded up $0.04 on Monday, reaching $9.03. The company's stock had a trading volume of 11,308,536 shares, compared to its average volume of 5,141,285. The firm has a market cap of $5.95 billion, a PE ratio of 451.73 and a beta of 0.72. The business has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $10.23. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The firm had revenue of $251.57 million for the quarter, compared to analyst estimates of $249.87 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Rodney Christo sold 5,846 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $9.15, for a total value of $53,490.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Wei sold 30,000,000 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the transaction, the director now directly owns 1,562,344 shares of the company's stock, valued at approximately $14,186,083.52. This trade represents a 95.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,067,379 shares of company stock worth $545,395,616. Company insiders own 6.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCCS. The Goldman Sachs Group dropped their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Morgan Stanley cut their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. Finally, Barclays cut their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.